Miguel Forbes

The New York Times

The partnership with Spain Media

Asked about the timing of its Spanish entry, Miguel Forbes, a family member who is in charge of the publisher’s worldwide development, said by telephone recently that “the time to launch is when a market is in the process of recovery.”

The Spanish edition of Forbes, a monthly released March 6, had a print run of 65,000 copies. Neither Mr. Forbes nor Mr. Rodríguez would disclose financial details about their venture, which involves SpainMedia paying a licensing fee to Forbes based on its magazine sales and advertising revenues.

“Andrés has shown that he’s able to put out very strong titles with a very lean staff,” Mr. Forbes said of Mr. Rodríguez. “A lot of publishers have a big staff, but it’s hard to make money when you have a large headcount